Security requirement for LLP liquidators: must furnish tribunal-directed security before duties; tribunal can adjust security upon application.

Every LLP liquidator appointed by the Tribunal must furnish security in the sum and manner directed by the Tribunal before entering upon duties, and the cost of that security is borne by the liquidator and not charged against LLP assets; the Tribunal may require additional security if inadequate and may order reduction on the liquidator's application where security is excessive.

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